https://www.taxtmi.com/caselaws?id=85897 An intermediate polycondensation product was held outside Item 15A because "artificial resin" was construed in trade and market parlance, and the substance was only a brown viscous sticky mass not known as resin in commerce. Expert evidence showed it could not be separated or used as such without further elaborate processing, and the contrary departmental view lacked material support. The product was also found not marketable, since marketability is an essential attribute of excisable goods and the record did not show it to be a saleable commodity in the commercial sense. Duty demand on the intermediate product was therefore unsustainable. en-us Thu, 20 Jun 1996 00:00:00 +0530 Mon, 08 Aug 2011 17:42:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85897 An intermediate polycondensation product was held outside Item 15A because "artificial resin" was construed in trade and market parlance, and the substance was only a brown viscous sticky mass not known as resin in commerce. Expert evidence showed it could not be separated or used as such without further elaborate processing, and the contrary departmental view lacked material support. The product was also found not marketable, since marketability is an essential attribute of excisable goods and the record did not show it to be a saleable commodity in the commercial sense. Duty demand on the intermediate product was therefore unsustainable. Case-Laws Central Excise Thu, 20 Jun 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85897